Means of Exchange at Pop!Tech

Last month I returned to the US for one of my favourite annual events – Pop!Tech. It’s generally an opportunity to be re-inspired, meet old friends and help out as a Faculty member on the Social Innovation Fellows Program. This year I had the added opportunity of giving the first public talk on my latest project, Means of Exchange.

You can watch the eleven-minute talk here, or on the Pop!Tech website.

For further details, and to receive updates as we roll the project out, check out the Means of Exchange website, like us on Facebook, or follow us on Twitter.

You can watch more talks and listen to a selection of radio interviews on the kiwanja.net website.

The death of a town centre.

The vast majority of my work over the past ten years has been focused specifically in the developing world. Various countries across Africa, in particular, were destinations for most of my travel and research. I’ve had an incredible time quenching a thirst for knowledge going all the way back to the early 1990’s when I first took an interest in international development.

Of course, if the target of your sole interest is overseas, and several thousand miles away at that, then it’s an obvious struggle to continually spend time in the field. Since the birth of Henry Banks last summer I’ve been spending less and less time away from home. This, fortunately for me, has coincided with a recent transition from day-to-day involvement in FrontlineSMS, and a move to a new project which I’ve been slowly working on for a couple of years – Means of Exchange – which has roots much closer to home.

This has a few advantages, the main one being that the fundamental problem I’m hoping to address – how we build tools to promote economic resilience among local communities – is (sadly) everywhere around me.

Even when I’m on holiday.

The small Finnish town close to where we’re staying is not alone in experiencing something similar to many other towns around the world – the death of the High Street. This has nothing to do with the current economic crisis and more to do with town planning, but the effects are devastating on local shops and the sense of community. Only on market days do the streets now come alive. The ‘action’ is now a mile down the road in not one, but two mega-shopping centres.

There’s something quite strange about walking through a town centre on a fine, early afternoon and being one of only a handful of people around. Locals do see what’s happening, but for many it’s too late. For the town centre to come alive again, and for people to begin supporting local shops again, and meeting up in the square again, people are going to have to mobilise and, more importantly, want it to happen. A community-lead revival – and this is what that needs – must be lead by the community.

It remains to be seen what will happen here, but many people back home in the UK do have the drive, passion, desire and commitment to rebuild their local communities, and my belief is that appropriate technologies can play a major part in promoting that revival.

I’m in if you are.

From text messaging to economic resilience

Three weeks ago we announced that I was stepping down from day-to-day operations at FrontlineSMS to hand over to a new senior management team. It’s clear from the success of the global launch of version 2 of the software over the past week that FrontlineSMS is in safe hands, and the reworked software, outreach and launch were all handled by the team with little involvement from me. It was great to see all their hard work come together, and I congratulate everyone on a job extremely well done. \o/

Photo: Laura W Hudson

As I mentioned in my recent post, I’ll remain involved with the project and will continue to support innovation and entrepreneurship in the developing (and developed) world, will continue to write about technology and Africa, and will continue with mentoring and speaking. The ICT4D and social innovation fields continue to fascinate and inspire me as much as they did all those years ago when I started out, and I’ll remain involved as long as I continue to add value.

Introducing “Means of Exchange”

So, what else will I be working on? Well, for the past two years I’ve been taking an increasing interest in economic resilience, particularly how technology might help buffer local communities from global economic downturns. Ironically, since I started my research the world has entered a period of growing economic uncertainty. The causes – although fascinating – don’t so much interest me, more the response at local, grassroots level.

As we all know, in times of hardship people tend to become increasingly innovative. As Greeks have found themselves with less and less cash in their pockets, many have turned to bartering. It’s how communities react to economic shocks that I’ll be focussing on, and how tools like bartering, swapping, LETS schemes and local currencies are applied and deployed in response.

We pay too little attention to the reserve power of the people to take care of themselves. We are too solicitous for government intervention, on the theory, first, that the people themselves are helpless, and second, that the government has superior capacity for action. Often times both of these conclusions are wrong

Calvin Coolidge

It’s only when things go wrong that we question the systems which regulate, control and dominate our lives. We enter 2012 at a time of great economic uncertainty. Millions of people around the world have lost jobs, homes, businesses, independence and purpose. Millions more face growing uncertainty and insecurity. Many hard working people have been hard hit. In the greater scheme of things they’re simply collateral damage in the rebalancing of a larger, broken world economic system.

While it’s impossible for most of us to remove ourselves entirely from the world economic system, there is a lot we can do to lessen our dependence on it. Funnily enough it’s something our ancestors managed to do pretty well. It’s called self-sufficiency.

For the majority of people, self-sufficiency conjures up images of grow-your-own vegetables on village allotments, but more meaningful economic self-sufficiency is possible if people are creative in how they earn, trade and share with one another. As money has taken over as our primary means of exchange, other more traditional methods have been lost.

What we’ve been left with is an economic system we have little control over, a loss of community and a drift away from the consumption of locally produced goods and services.

But all is not lost. This can be halted, and by using the very technologies which enable us to take part in a globalised society, it can be reversed. If you’re interested in learning more about methods of economic self-sufficiency, or you’re interested in tools and resources to make it happen, then Means of Exchange is for you.

Firstly, the website will focus on how emerging, everyday technologies can be used to democratise opportunities for economic self-sufficiency, rebuild local communities and promote a return to local resource use.

Secondly, if they don’t already exist, we’ll build you the tools so you can make it happen wherever you are. Our first flagship “app” will be released within the next few weeks.

To keep up-to-date with new releases and latest news, check us out via:

See you on the other side.